MoneyMarketing

Industry News

2 weeks ago

Vukile concludes oversubscribed R796m unsecured bond issue at record low pricing

Vukile Property Fund (JSE: VKE) has issued R796m of senior unsecured corporate bonds with three- , five- and six-and-a-half-year maturities. Strong demand from the market was indicated with total interest of R2.7bn resulting in the issuance being over 3.4 times oversubscribed. The three-year notes of R214m were placed at a margin of 119bps, at a...
2 weeks ago

Long-term investment migration strategies support higher returns

By: Erica-Anne Strydom, Business Development Consultant at the Sovereign Group Investment migration is a crucial strategy for high-net-worth individuals seeking to diversify their assets, reduce exposure to regional and global volatility, plan their succession, and gain citizenship or residency in a foreign country. Increased offshore exposure and more diverse assets lower the risk of impact...
2 weeks ago

Take-home pay improves again in August, potentially boosting spending

By: Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements The BankservAfrica Take-home Pay Index (BTPI), which tracks the average nominal take-home pay among an estimated 4 million salary earners in South Africa, improved for the fifth consecutive month in August. “The average nominal take-home pay reached R16 582, showing a 6.7% increase compared to a year...
3 weeks ago

Insight From Old Mutual

By: Johann Els, Old Mutual Group Chief Economist Why the Reserve Bank cut rates The South African Reserve Bank’s Monetary Policy Committee (MPC) announced an interest rate cut of 0.25% yesterday. Inflation has eased considerably, with the headline rate dropping to 4.6% in July from 5.1% in June, comfortably within the SARB’s target range. Global...
3 weeks ago

Two-pot reforms: implications for financial planners Two-pot reforms: implications for financial planners

By: Jaco van Tonder: Advisor Services Director, Ninety One Much has been written about the significant changes resulting from the new two-pot retirement fund system. The internet and social media are awash with flyers and brochures from retirement fund administrators and asset consultants about the core elements of the system and the rules around withdrawals...
3 weeks ago

Congratulations to Arnold Shapiro

The annual FISA Chairperson’s Award was handed to Arnold Shapiro at the 14th Annual FISA Conference sponsored by Hollard Court Bonds, in recognition of his significant and major contribution to the fiduciary profession. Shapiro completed B.Proc and LL.B degrees at Wits University and was admitted as an attorney in 1979. He became a partner of...
12 Sep 2024

New investment collaboration

Ashburton Investments and FNB Wealth and Investments have formed a partnership with international investment powerhouse Morgan Stanley Investment Management Limited (MSIM) to strengthen its global capabilities. The partnership will result in enhanced international capabilities for both Ashburton’s and FNB Wealth and Investments’ South African clients. Both brands will benefit from MSIM’s research and portfolio management...
12 Sep 2024

Two-Pot Retirement System in review

The first week of the two-pot retirement system was a historic milestone for South Africa’s retirement industry. This significant reform marks one of the largest changes ever seen in the sector and it has been a mammoth task to implement. The strong collaboration across all stakeholders – including retirement fund administrators, employers, advisers, SARS, FSCA...
12 Sep 2024

The key factors that matter to financial advisers

By: Florbela Yates, Managing Director at Equilibrium To effectively serve their clients, advisers need certain essential elements to streamline their operations, enhance client interactions, and provide access to accurate and up-to-date information. There are seven key factors that can contribute to their success and in delivering top-notch financial advice: 1. Saving time By using efficient...
09 Sep 2024

Getting medical aid in your 20s is a smart move

By: Koena Molekoa, Senior Manager: Business Development at Medihelp Medical Scheme You’re young, you’re free, and you’ve just landed your first real job with a decent salary. You’re also healthy, you exercise regularly, and follow a balanced diet. So why spend your hard-earned money on medical aid instead of a new car, travel, or entertainment?...

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